CoinSpeaker Russian Data and Mining Centre Redstone to Start Operations in June 2019 Digital farms for data storage and crypto mining have many similarities. They require large spaces, efficient cooling, cheap power source and online connectivity, among others. The amount of machines working together require a lot of power to operate and cool the heat

CoinSpeaker Bear Market Forces Bitmain Shut Down Its Development Center The slump in Bitcoin price has affected the big fish and small players in the mining industry. Bitmain’s development center set up two years ago in Ra’anana will close down this week. The company announced that all its 23 employees will lose their jobs. The

CoinSpeaker Europe-based Crypto Mining Startup Bitfury Plans for an IPO On Thursday, October 25th, citing an anonymous source, Bloomberg reported that Europe-based crypto mining startup Bitfury is exploring strategic options for an Initial Public Offering (IPO). If true, this could turn to be Europe’s first major listing from the crypto industry. The people familiar with

The price of Bitcoin surged 50 percent pas 6 months. This is based on the chronological halving that occurred in 2012. The crypto currency miners need to show proof of work before getting block rewards for mining Bitcoin and deciphering cryptograms. The block reward stood at 50 BTC when alleged Bitcoin inventor Satoshi Nakamoto enforced

There are similar guidelines for all crypto currencies whether this is Altcoin, Bitcoin or Ethereum. The cardinal rules are practically the same. Mining can be done single-handedly or through a mining pool. A pool consists of miners who put together their resources and share rewards. Speed is Important Sophisticated mining requires specialized special hardware. Otherwise,